EIA: USA commercial crude stocks fell as refineries ramped up run rates

The total commercial crude inventories in the US fell 3.4 million barrels to 420.8 million barrels in the week to 13 May 2022 on increased demand from refineries, according to the latest data from the Energy Information Agency.

During the week, US refineries operated at 91.8% of their capacity, up from 90% in the previous week. Higher demand ahead of the summer driving season and near-record exports gave refiners the incentives to ramp up operating rates. 

Gasoline inventories fell 4.8 million barrels to 220.2 million barrels.